Nelson Company experienced the following transactions during Year 1, its first year in operation.

Issued $9,400 of common stock to stockholders

Provided $5,700 of services on account

Paid $2,450 cash for operating expenses

Collected $3,600 of cash from accounts receivable

Paid a $270 cash dividend to stockholders

What is the total amount of assets shown on the balance sheet prepared as of December 31, Year 1?

Question 5 options:

	$10,280
	$12,380
	$12,650
	$10,820